#singapore

Comment E-mail to friend Bookmark & Share Property developers only sold 341 private housing units in September 2015, down 34 percent from the 513 units sold in the previous month, reported Today Online citing data from the Urban Redevelopment Authority (URA). On a yearly basis, new private home sales fell 47 percent from the 648 units moved in September 2014. “We didn’t expect the figure for last month to be that low… We thought that we would see monthly sales of 500 to 800 units,” said Century 21 chief executive Ku Swee Yong. He explained that last month’s sales may have been affected by the tail-end of the Hungry Ghost period and the general election. “This is below my expectations and shows that market sentiment is still weak,” he added. The Hungry Ghost Month, seen by some to be an inauspicious period for buying property, ended on 12 September, while the 2015 general e...